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The focal point of this study, first published in 1991, is to
investigate the effect of growth patterns on inflation and the
distribution of income through inductive examination of the
particular experiences in Korea and Taiwan. Both countries are
regarded as models of successful industrialization, but contrast
significantly in the matter of their development strategy yielding
a more equitable distribution of income, along with a moderate
inflation from the benefits of economic growth. Korea experienced
considerable rates of inflation and a worsening of the distribution
of income, while Taiwan avoided both economic evils. This book
analyses how Taiwan's economy managed to reconcile growth with
inflation and distribution and why Korea could not achieve similar
performance.
The focal point of this study, first published in 1991, is to
investigate the effect of growth patterns on inflation and the
distribution of income through inductive examination of the
particular experiences in Korea and Taiwan. Both countries are
regarded as models of successful industrialization, but contrast
significantly in the matter of their development strategy yielding
a more equitable distribution of income, along with a moderate
inflation from the benefits of economic growth. Korea experienced
considerable rates of inflation and a worsening of the distribution
of income, while Taiwan avoided both economic evils. This book
analyses how Taiwan's economy managed to reconcile growth with
inflation and distribution and why Korea could not achieve similar
performance.
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